Market Scenario:
The
data experts at Market Research Future Reports (MRFR) have analysed the global
B2B telecommunication market is estimated to record a CAGR of 14% during the
assessment period from 2017 to 2023. The adoption of IoT across various
verticals is estimated to drive the global B2B telecommunication market 2020.
IoT is gaining momentum for being cost-efficient. Besides, being
cost-efficient, it also provides other advantages such as machine to machine
(M2M) communication and wireless transactions to the users. In addition, the
service of data storage and the reachability of the telecom network in distant
zones is additionally propelling the market expansion. With the adoption of B2B
telecommunication, the enterprises avoid their travel expenses by performing
face-to-face meetings through teleconference. Furthermore, fast industrialization
and urbanization are enhancing the demand further. In addition, increased
volumes of system data, volumes of text, video, and voice are estimated to
advance the B2B telecommunication market. Furthermore, the increment of
customized products and services portfolio is estimated to be potential factors
posing opportunities of expansion during the review period.
Novel
coronavirus has actually B2B Telecommunication Market to open new avenues for those firms
that are on the lookout for solutions that are reliable, efficiently managed,
scalable, and are subscription-based, to remain more focused on the core
business. The B2B Telecommunication Market is bearing lesser impact of the
COVID-19 outbreak compared to most other segments of the tech world.
In
a nutshell, COVID-19 impact on managed services has been fruitful, with the
market growth enhanced than before. Given the prevalent lockdown situation,
managed services vendors are now investing heavily in remote-centric worker
solutions, which can make the market highly resilient in the coming years, even
as the world is currently rushing to achieve a COVID-19 breakthrough.
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Competitive Outlook:
The established
organization of the worldwide B2B telecommunication market are Deutsche Telekom
AG (Germany), Amdocs Ltd (U.S.), Comarch S.A. (Poland), NTT Communications
(Japan), AT&T Inc. (U.S.), Orange S.A. (France), Vodafone Group PLC (The
U.K), Cisco Systems, Inc. (U.S.), Verizon Communications Inc. (U.S.), Telstra
Corporation Limited (Australia), and a few others.
Segmentation:
The
worldwide B2B telecommunication market can be segregated on the basis of
deployment, solution, application, organization size, and geography.
On
the grounds of deployment, the worldwide B2B telecommunication market can be
divided into fixed and mobile.
On
the grounds of the solution, the worldwide B2B telecommunication market can be
segregated into WAN solution, unified communication, and collaboration, M2M
communication, VoIP (Voice over Internet Protocol), and cloud services.
On
the grounds of application, the worldwide B2B telecommunication market can be
divided into industrial, and commercial.
On
the grounds of organization size, the worldwide B2B telecommunication market
can be divided into small & medium enterprises and large enterprises.
On
the basis of geography, the worldwide B2B telecommunication market can be
segregated into North America, Europe, Asia Pacific, and Rest of the World
(RoW).
Regional Analysis:
The
evaluation of Europe, North America, Asia Pacific, and Rest of the World (RoW)
has been performed. As per the report, the global market is estimated to expand
significantly during the review period. The experts have revealed that the
global market is likely to be dominated by North America. North America is
anticipated to procure the maximum market share during the assessment period.
The region is blooming due to the fast adoption of cloud and VoIP services. On
the other side, the Asia-Pacific region is projected to grow at the swiftest
pace during the review period. The presence of developing countries like India,
China, and South Korea is projected to play a crucial role during the review
period. The emerging countries are investing massively in the media and
entertain sector, which is predicted to bloom the market exponentially during
the assessment period.
However,
the market dynamics are estimated to change significantly, owing to the spread
of coronavirus. The data experts at MRFR are analysing the market and the
impact of coronavirus on the global B2B telecommunication market. The impact of
COVID-19 is projected to bring a substantial impact on the global economy.
Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
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Full Report Details @
List of Tables
Table 1 Global B2B
Telecommunication Market: By Region, 2020-2027
Table 2 North America B2B
Telecommunication Market: By Country, 2020-2027
Table 3 Europe B2B Telecommunication
Market: By Country, 2020-2027
Continued…
List of Figures
FIGURE 1 Global B2B
Telecommunication Market Segmentation
FIGURE 2 Forecast
Methodology
FIGURE 3 Five Forces
Analysis of Global B2B Telecommunication Market
Continued…
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